The forex market is inherently contrarian. This means they are regressive and have a natural tendency to pull back to the mean price. This is a huge reason why so many beginning traders lose all their trading money and give up. The fact is that much of the time when it feels safe to enter the market it is probably not. When a move in the market is greatly extended in one direction and appears as though it will keep going this is usually the exact time it is about to fall back and correct itself. This extension also happens to be the exact time most beginning traders tend to enter the market. It often takes multiple years of losing money before traders learn that they have to wait patiently for the market to contract before entering, and many traders give up before they finally realize this truth.

Most indicator based trading systems simply are not effective in strongly trending markets. They will give you a sell signal long after the market has started correcting back down and the correction is almost over. Sometimes they give you an entry signal at the very time the downward correction is over and you should be looking to get long again, or vice versa. If you know how to tell based off pure price action when a market is exhausted or when it is ready to break out then you have the keys to building a highly profitable and consistent trading method.

Price action analysis is the best method for learning to profit from the forex market. There are usually tell-tale signs a market is ready to correct or the trend is ready to resume that are easily apparent through the analysis of price action. All you really need to know are a few simple patterns and basic chart support, resistance, and trend lines and then you have enough information to put together a profitable trading method. Some people try to program indicators and even develop new ones because they mistakenly believe if they put more math and study into their trading technique they will be further ahead of other traders. This is simply a falisy. While you do need some sort of education in technical analysis and price action, it doesn’t need to be complicated or involve programing expert advisors and other fancy non-sense.

Once you develop a keen eye for price action setups you will be able to tell if it’s unsafe to enter a trend or that the trend is ready to resume. It’s all right there on the chart, you just need to be shown the path by someone who has walked in your shoes and made it down the path to trading success. Price action can be a great help to developing your discipline in the market and shaping a relevant market perspective. If you are just starting out and this is one of the first trading articles you have read than I strongly recommend you check out an education in price action. Go to YouTube and type in “forex price action” or “forex price action strategies” and see if you like what you find; there are many quality free sources of price action information on YouTube. Price action analysis has been the key to my success in the markets and I hope it will be the key to yours.

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The forex market is a very liquid and sometimes fast moving market that lends itself wonderfully to the trading method of price action analysis. Price action analysis is the identification and implementation of specific price action signals or setups in the given market you are trading. Forex is a great market to use price action analysis on because it is open 24 hours a day 6 days a week and this means there are more price action signals for you to trade off of. All you need to know is what to look for on your charts and this is best learned from a professional price action trader.

I have tried about every trading method imaginable and after all the frustration, time, and money wasted I ended up realizing that the best way to trade any market is just by analyzing a naked price chart. My unique way of trading using price action setups is the result of many hours of screen time spent analyzing price movement and price patterns. I have learned from other forex educators and added my own style and ideas to their methods. Trading is a process of trying different methods, tweaking them, and eventually ending up with your own unique trading method.

Price action analysis works awesome in the forex market because it is such a dynamic and active market. The beauty about price action analysis is that it is an inherently flexible approach to trading that gives you a unique perspective on the market that allows you to make sense out of what is happening at any given time. I have been profitable by concentrating on just a handful of good price action setups that have proved profitable again and again for me. If you learn how to read what the chart is telling you and focus on 1 to 3 setups that you like, eventually you will make money. Where people go wrong is using indicators and other overly complicated trading methods and then constantly jumping from one technique to the next. You have to find a truly consistent edge in the market and then just concentrate on that edge until you get it down, then you can maybe add more tools to your arsenal.

Trading is difficult enough without having an overly complicated method that tells you to look at numerous lagging indicators when you could just be looking at a simple price chart. Probably the best reason to trade forex using price action is that any indicator you use on your chart to analyze market movement is derived from price and is just showing you in a less vivid format the same thing price is showing you. Some people like indicators because they give you buy and sell signals when the lines cross or whatever. The thing is, if you know what price action signals to look for you can get the same entry signals but at a much better price which gives you a better chance at profiting.

Just because your charts come with a hundred indicators doesn’t mean its going to help your trading or make you money in the markets. We are trading financial markets here; the core of what we are doing is trying to profit off of price movements. Why some people would not naturally make their trading decisions off of pure price movement is beyond me. I promise you that if you simplify your trading method and concentrate on using price action you will wonder how you ever traded any other way.

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Forex trading courses vary in their quality and content and it is usually quite difficult to judge the value and relevancy of the course by its sale page. Generally speaking an excellent forex training course will be more than just a course for sale or an e-book. If the designers of the trading course are really interested in their students’ experience and in putting out a quality product they will have a well put together website and offer much more than just a static trading course.

You should look at what else you are receiving, if anything, for your money. Does the forex trading course come with on-going support or regular updates? Be aware of the fact that many so called forex “educators” are nothing more than just failed traders who realized that they were better at selling “trading courses” than at the actual trading itself. You should ask yourself, “Who am I buying this product from?” What evidence is there that they use the same methods they teach or that they are a professional? It’s very easy as a beginner to the forex market to fall prey to the big claims of marketers and other people trying to sell you a trading costurse that is irrelevant and sub-par. There are many ways of trading the markets that will give you the edge you need, finding this is not the difficult part. What is difficult is finding a professional trader that also is a good mentor and will be honest with you about the methods they teach and won’t sugar coat anything.

Forex trading can be a very expensive business if you don’t act in disciplined. This includes being disciplined in finding the right trading course for you to learn from. Take your time and don’t just buy the first trading course that pops up in your Google search. Some trading courses cost thousands of dollars and are essentially worthless while others are only a few hundred and are probably worth their weight in gold. Its not easy to discriminate between the two though. Trust your gut and ask yourself how you feel about the person you are buying the forex trading course from. If you don’t even know who wrote your prospective trading course than you might as well move on and look for a different one. Anyone who is going to write an educational course and then not put their face and name or even personal videos behind that course is probably just trying to steal your money.

In summary, not all trading forex courses are created equal. The legit ones will be well written and will come from a professional trader who also has a genuine interest in helping people succeed in the forex markets. A quality trading course should not only just give you a strict system of rules to follow; it should allow you to develop your own unique trading rules that are inherently adaptable to ever-changing market conditions. Also, compare what you get for your money to other forex trading courses. Some trading courses offer on-going support, course updates, and an online member’s community that can add significant further value to what you are paying for. The road to consistent profits in the forex market is paved with a high-quality, genuine, and relevant forex trading training course

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Benefitting from on-going support:

Too often in the world of forex trading beginners are sold an over-priced trading course or piece of software and then they are on their own. Usually they end up realizing very quickly how easy it is to lose money in the markets. Success in trading is not something that comes over night. It takes years of consistent effort and discipline and is definitely a skill that lends itself to learning from those who are more experienced. The benefits of having a community of traders all using the same trading techniques and supporting each other and sharing ideas are quite substantial to say the least. I am very proud of the member’s community at my website and the continuing support it provides to traders interested in learning price action analysis.

Trading can be a lonely endeavor and it is a great help to have other traders to talk to and share ideas and mistakes with. Often a beginning forex trader can think he is the only one making a certain mistake or that the market knows his or her every move and is out to punish them. These thoughts are common to all beginning traders and one of the benefits of joining an online trading community is that you begin to realize this much sooner than if you make trading a solo venture.

My online trading community is geared specifically towards price action analysis techniques, especially those I teach in my trading course. The trading course that I wrote includes lifetime access to the member’s community as well as regularly updated videos and other content. By focusing my website on the specific way that I use price action to profit in the market all of our member’s share a common goal. Many online trading communities or forums get confusing and jumbled up with irrelevant threads and redundant topics that make it difficult to get a quality learning experience.

My online trading community supplies daily market updates and price action analysis of varying forex currency pairs from me. I think that if you go and cruise my website for a while you will see it is quite different from other forex trading education websites. I personally oversee all new instructional material on my site and make sure that it directly pertains to my trading course. This way all members can grow and prosper with me and we can all learn from each other. The importance and advantages of on-going support in the forex trading world really cannot be stressed enough. If you have been trading by yourself for a while now with no success then I suggest you go check out what I have to offer. You will realize you are not alone in the forex world and there are trading methods out there that are simple and profitable.

I pride myself in continually adding new educational materials to my forex trading course and to my website. Unlike many marketers who are just trying to sell you a product and then never communicate with you again, I offer my personal forex trading strategies and insights into the market on a regular basis. The ideas I provide to my members are the exact same ones that I used to navigate the markets myself. I thrive off of the feedback my members provide to me. There is truly a symbiotic relationship between teacher and pupil at Learn To Trade The Market, and I sincerely hope you will decide to change your market perspective and join us in the community and see what it’s all about.

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Learn to trade the forex market

Learning to trade the forex market can seem like a daunting task to any beginner. Fortunately there are many people out there who have made all the common mistakes and traveled down the rough road of learning to trade the market. The best advice to give a total beginner to forex trading is to learn from a professional, someone with time-tested and relevant trading strategies; someone with a common sense market philosophy and a unique market perspective. Learning to trade forex does not have to be the frustrating, pull your hair out task that it so often becomes for people. You will need to develop the proper market mindset and this can best be taught by someone who already possesses it. Just as you learn any job-related skill from a mentor, learning to trade forex should be no different.

If you want to learn to trade with the least amount of trial and error possible then I suggest you learn from a professional trader who offers on-going support. Learning to trade forex can be a very expensive endeavor, so I suggest you do not try to go it alone. There is a variety of good information available on the internet for learning to trade. However, there is probably even more junk information as well as people trying to scam you out of your hard earned money.

Most people who want to learn to trade are mainly interested in the technical aspect of trading forex. That is, making trading decisions from the information provided via a price chart. Where many people go wrong in technical trading is thinking that more is better, or that if they understand how more indicators work it will lead them to consistent profits. First of all, you need to understand when it comes to technical analysis and your charts, more is not better. Professional traders and hedge fund managers are not using lagging indicators because they know that such tools are useless and even counter productive.

Most professional traders you will find make their decisions based on pure price action analysis with a certain amount of fundamental economic understanding. A price chart is at the very heart of any market and shows all market participants’ beliefs about that market. There are so many trading courses for sale that make you believe you need to over-lay a bunch of indicators on your chart that it can be maddening for someone who teaches and trades just from pure price action like myself.

Learning to trade is difficult enough without all the unnecessary bells and whistles that many so called forex educators try to sell to you. When learning to trade forex you need someone you can trust and who is providing a relevant and time-tested product. Don’t fall prey to the charlatans trying to trick you out of your money. Look into price action analysis and I promise once you find a genuine price action mentor you will never go back to your overly complicated indicator method. Learn to trade from price action and you unlock a world of difference in the way you think about trading.

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Forex training

A thorough education in trading the forex market is essential to your development and success as a trader. Forex trading is one of the most difficult professions to excel at; as any experienced trader will attest to. A difficult part of forex training is finding an experienced forex mentor who is a professional trader and a great educator. The fact is that most professional traders are not telling you how they trade or trying to help people trade better. They usually are too busy taking money out of the market and concentrating on their own discipline and self-control to have time to help aspiring forex traders. There are indeed some forex trading mentors out there who are genuine; however they tend to get lost in a sea of people trying to sell you a black-box system or that don’t really know if the method they teach is consistently profitable.

There are some characteristics of a great forex trainer to watch for in a prospective candidate you have in mind. First of all, you need to find out if the person is geniune or not, so take a look at their website. Is it just an e-book trying to get you to purchase something at the bottom with no actual forex training information? If they are not offering anything at all for free on their website than they are likely just trying to take advantage of your trading hopes. Most genuine forex educators will have numerous free trading articles, videos, etc on their forex trading training site. Now, that’s not to say there is anything wrong with selling a quality forex training course to interested traders, because there isn’t. A genuine forex educator will have spent years of trial and error and frustration perfecting their trading method, so it only makes sense that they charge a small fee to share it with the world.

A good forex training website will not only have numerous free materials available, but it will also have the main forex educator highly advertised. If you don’t even know what your prospective forex educator looks like, you could consider that as a warning sign in and of it’s self. When you buy a trading course or subscribe to a forex training website essentially you are buying the person behind the training materials. This person should obviously be knowledgeable about trading and well spoken. It does not make sense to buy a trading course or subscribe to a service that does not give you any kind of clue as to who is behind the training material.

Forex training usually comes in two forms; someone trying to sell you a piece of software that consists of a few lagging indicators that give you buy and sell signals with no real market perspective or actual educational material included, or, someone trying to sell you an e-book at a ridiculous price with a bunch of common sense information about forex that you can find for free on the internet. The third form of forex education is a bit harder to find. Specifically, I am talking about an on-going forex training website with various forms of educational material’s that are constantly up-dated and expanded.

So before you purchase any forex training course or subscription service you need to ask yourself what am I really getting for my money? Does the person selling this product seem genuine and what do I know about them? Look for free forex trading material as well as a common sense and straight forward trading method. Finding a quality forex training website in the ocean of forex trading material floating around the internet is not as easy as you might think. So take the time to see what forex trading training method fits you best and ask yourself if you trust the person you are learning to trade forex from.

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What is Forex Currency Trading?

The foreign exchange currency market is the largest market in the world with a daily average volume exceeding 2.1 trillion. Forex traders buy and sell different currencies with the intention of making a profit assuming the value of the currency changes in their favor. Economic and world events are the main catalysts that propel the forex market.

Forex Basics:

The foreign exchange currency market is not limited to a physical location like stock markets are. The forex market is bigger than all the stock markets combined. The internet and telephone are the main mediums of transmission for forex trading. Most forex trades take place in the major cities of the U.S, England, Australia, Japan, and Germany.

The forex market has names for the first and second currency of a pair, base currency refers to the first and quote or counter currency refers to the second. Foreign currency exchange rates are quoted in units of the base currency, for example, the exchange rate between the U.S. dollar and the euro will be indentified as EUR/USD, so the number will be the amount of U.S. dollars that can be exchanged for one euro.

At the present time the euro has first precedence as base currency, so all the currency pairs involving the euro should have it as the base currency. The hierarchy for base currency is as follows: Euro, Pound Sterling, Australian Dollar, New Zeeland Dollar, United States Dollar, Canadian Dollar, Swiss Franc, and Japanese Yen.

How Forex trading works:

In the foreign exchange currency market quotes include a bid and an ask price. The bid is the price to sell the base currency in exchange of the counter currency. The ask is the price to buy the base currency in exchange of the counter currency. The difference of the bid and ask price in forex is known as the spread. Forex brokers act as market-makers; they provide a place where market participants can buy and sell currencies. Instead of charging a commission per trade as stock brokers do, forex brokers are compensated by receiving the spread of the currency pair being traded.

In forex, currency movement is expressed in pips. Any given currency pair’s smallest incremental movement is one pip. For example, if you see the current price of GBP/USD (British pound/U.S. dollar) quoted as 1.6832(bid)/1.6837(ask), then the spread of this currency pair is 5 pips, because the difference between the two is .0005. So for the GBP/USD currency pair one pip; the smallest incremental change for that pair would be equal to .0001.

Forex trading can be quite volatile due to the multitude of big money players that trade this market. Volatility in the forex market can truly be a double edged sword; abuse it and watch your trading account shrink really fast, properly utilize it and it will reward you. Make sure you understand the many intricacies of price action before jumping into the market head first.

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Advantages of trading forex versus other markets:

§ The foreign exchange currency market is extremely liquid.

Daily average turnover of more than 3.2 trillion dollars the forex market has by far the most liquidity of any other market in the world. This means there is virtually no slippage; in other words, the price you see is the price you pay.

§ 24 hour a day 6 day a week market liquidity.

The foreign exchange market is unique from other markets in that a trader can place a trade 24 hours a day 6 days a week. Where as stock and futures markets have specified trading times their respective exchanges are open, forex markets provide for trading at any time of day. This provides for more time to test strategies and bigger samples of data to work off of, as well as the ability to take advantage of other countries’ active trading times.

§ No centralized market.

Since forex trading can be done from right inside your own home there is no centralized trading market. The advantage this provides to the retail forex trader is that there are no broker’s commissions or fees. Forex brokers, commonly called market makers, collect the difference between the bid and ask price on a currency trade, this is known as the spread. The effect on the trader is that their position will start off being between 1 and 10 pips negative, depending on the volatility of the currency pair being traded. However, for the trader with a consistently profitable trading method, this small burden is hardly noticeable.

§ It is impossible for your forex account to go into debit.

Forex market makers generally all offer trading platforms that instantly terminate a client’s open position if they have an open loss that exceeds the margin requirement. This means there is no risk of your account going negative at which point you might actually owe money to the exchange, which can happen in futures trading

§ Low margin requirements allow for leverage.

In forex trading a trader can get leverage up to 400:1 on a micro account. This means they can control 400 times the amount of money at risk on a trade. This is what is known as market leverage and it provides the opportunity for very large profits relative to account size, but also for very large losses.

§ Demo account trading is widely available.

Almost every single forex broker you will encounter offers a free demo account to learn how to trade off of. If properly utilized a forex demo account can teach you the mechanics of trade execution as well as give you time to develop and test your own personal trading method. A trading method that consistently makes money on a demo account, if traded the same way, should make money on a real account. Real money trading is much more emotionally difficult on people, this is the difference. However, if you take the time to test your trading method on a demo account and really take it seriously, the transition to trading real money in the forex market can be relatively seamless.

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Price action is the behavior of price of a specific currency, commodity, stock or other trading instrument over a specified period of time. The predictive capacity of specific price patterns over time can be best seen by price action analysis. Price action analysis shows us certain price action setups that re-occur in the markets which we can construct a rule-based system around.

Price action analysis provides us with power to see exactly what any market is doing at any point in time. Price action analysis is the study of the visual trail of supply and demand over a specified period of time. Market beliefs and expectations are reflected via price; traders that are better informed or that trade bigger size leave a more noticeable trail; by analyzing price action during a specified period of time we can make an educated guess as to what the “power players” are doing in the market.

As retail forex traders, our goal is to jump aboard the price trail left by bigger players who have the power to move the market. Market momentum can be harnessed to achieve consistent profits by building our price action trading system around a few time tested and re-occurring setups. It is the nature of markets to re-produce specific price action setups on a semi-regular basis.

Most experienced traders will agree that trading is about 80 or 90 percent psychological and 10 to 20 percent method. Often traders begin by thinking it is the other way around and then end up losing money and finding themselves in an uphill battle against the market. An education in price action analysis gives us a simple, straight forward, and extremely effective trading method that let’s us concentrate more on the psychology of trading. If we as technical traders are primarily basing all of our trading ideas off of charts then why would we confuse and frustrate ourselves with anything but what the chart is made of which is of course price action ?

If we want to master the markets we must imploy trading methods rooted in consistency. In fact, all of our trading activities need to be consistent if we are to truly be consistently profitable traders. The study of price action will allow you to recognize re-occuring price setups in the market. This provides you with the key to consistent profits that all traders desire yet so few attain. Prominence in any profession is usually accompanied by great training and mentoring. In order to learn consistently profitable price action strategies you should learn from a mentor who practices what they preach. So get yourself forex training in specific price action patterns and I promise that you will be well on the path to trading consistently.

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Consistency is the key to forex success:

When starting down the path to learn about forex trading, we often hear that we need to be consistent in our approach to the markets. What exactly does this mean and how do we achieve consistency in the markets? Consistent actions result in consistent profits in the forex market. There is no room for emotional reactions in the forex market; however, there is a great need for flexibility. Consistency is the result of a mindset that is consciously managing a person’s emotions while interacting with the market. So exactly how can a trader develop a consistent approach to the market while simultaneously not eliminating flexibility from their trading plan?

You must first find your edge in order to truly develop consistency in the forex market. In edge is a method of trading in the markets that gives you a positive ration of winners to losers over time. You need to have confidence in your edge because it will not win every single time; you must be able to endure a string of losers in order to see your profitable edge play out over time. As you gain confidence in your trading method you can then start to develop some rules around it that give you a little more rigidity in your trading plan, this allows you to remain calm and follow your rules no matter what the market throws at you.

Once you have developed your rule based system off your market edge you will be well on your way to consistency in the forex market. This will not occur over night. Contrary to what some people think forex trading is not a get rich quick scheme; it can easily become a get poor quick scheme however. At best it is a get rich slowly scheme, and only through consistency will you achieve your long-term goals in the market.

As mentioned above, flexibility is an important aspect of any trading plan. While developing a rule based system is very important in the market for your long-term consistency, building flexibility to your trading plan is also important. The forex market can be very volatile at times and no two moments in the market are ever the same. This is why you need to maintain flexibility in your approach to trading the forex market. I agree it seems contradictory to be emphasizing the need for a rule based system to develop consistency and at the same time emphasizing flexibility. Consistency and flexibility are necessary components of forex trading success however, part of the reason why very few ever achieve that success.

Our approach to the market needs to be consistent and flexible, thus we need a trading method that gives us a flexible yet consistent view of the market. Forex Price action analysis is the only method I have come across that is inherently flexible yet at the same time can offer you concrete strategies to develop a system around. Price action is simple and effective and will greatly help you in developing the flexible yet consistent approach that forex trading success requires.

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The market mindset trap:

The Forex market can be a very dangerous place for those not operating from the proper mindset. Trading is mostly psychological and how you think about the market is the most important factor in determining your long-term trading success. To succeed in the forex market an objective mindset is required. While many traders begin with an objective mindset towards the market, very few are able to maintain this way of thinking.

The difficulty in maintaining an objective market mindset lies in the fact that you can do a large amount of damage to your trading account extremely quickly in the forex market. Traders have access to an enormous amount of leverage in the forex market and leverage is like a double edged sword to someone who is trading from the wrong market mindset. So how can a trader achieve and maintain an objective mindset in the ever changing and volatile arena of foreign exchange currency trading?

The correct market mindset begins with not trading money that you can’t afford to lose. You definitely should not be trading money that you could possibly need to live on or that anyone else in your family might need. This is the first thing you need to do in order to operate from an objective point of view in the market. Not trading with money you might need allows you to develop virtually no emotional attachment to anyone trade you enter, this is very important if you want to consistently make profits in the forex market.

After we have confirmed we are not using money we need for any day to day expenses we then can move on to the next most important factor in achieving and maintaining the proper market mindset; a truly profitable and easily definable trading methodology. We need an edge in the market, a definable and profitable edge is vital because we need it to base our trading plan on. Money management is equally as important, if not more, than your profitable edge. However, you first need to define your trading method before you can build a money management plan.

Building your money management scheme is the next step after you are confident in your definable trading edge in the market. You need to sit down and figure out how much you are willing to risk every time your edge appears in the market. Many traders cannot maintain an objective mindset while risking more than 2% on any one trade. This of course is only a general rule and really depends on the frequency of your trading, if you trade only once a month than you might be able to operate objectively by risking 5% per your once a month trade. However, if you are trading once a week or more than generally speaking 2% is the max you should be risking if you want to give yourself a realistic chance at not trading based on emotion.

I can recommend a very good trading method that will provide you with some concrete strategies for finding a truly consistent edge in the market. The best method I have found for trading any market is price action analysis. Once I discovered and implemented specific price action setups into my trading I was able to easily map out my money management strategy. This allowed me to remain calm and confident during every trade; this is the key to achieving an objective market mindset. There are many ways to profit in the market, however you do it though one thing is for sure; you absolutely must think objectively about all of your market related activities.

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I’m sure there is plenty of novice and aspiring forex traders out there could use some help with their forex trading and overall currency trading plan approaches.Dealing with over 100 Students every month, I have come the conclusion that just about every aspiring novice trader attempts to make forex trading more difficult than it has to be, they are basically “chasing their tail into failure”.Alot of the time, the simple stuff is overlooked, for example : remember the trading text book material you once read on basic forex technical analysis techniques ? How much of that information do you actually remember and use in your trading today? How much study and testing did you actualy put into it? I rest my case, that simple trading methods are widely overlooked in forex trading.

For starters, you should always know where the trend is, and whilst that may sound rather obvious, as I said,  it’s quite astonishing how many traders don’t even look at the larger picture trends on the charts.

If you are one of those kind of traders who aren’t sure of how to trade with the trend, I’ll give you a little hint: It’s a lot easier to spot when you don’t use indicators, honestly, Indicators are USELESS! there is a simple way to find theshort term direcitonal forex trend, and work within it to make high probability trades, but you wont ever have clarity using the modern day standard indicators, they are not going to give you any clear market edge over any other normal chart observations using price action.

Just think of magial indicators as a kind of shortcut to the market, and we all know that taking shortcuts is not the way to learn to trade! If you want a deep understanding of what it takes to move the market and trade with a high probability trading plan, you are going to have to dig a little deeper than all those lagging indicators and fancy trading systems, you should know that none of that is what really works in trading, there is no easy road here.

You want to be able to look at a chart the same way that most trading purists would, the same way as the hedge fund manager would.  So what is the answer? … well to put it in one sentence, ‘you need ia basic bar chart or candlestick chart’

I know you may be a bit apprehensive, but if you look at it with an open mind, I think you’ll be amazed at what you see. The forex market has a natural energy. It has a natural ebb and flow that gives you strong support and resistance areas, not only that but you will soon start to see obvious reversal signals, and candlestick formations, things that are occuring over and over again with precision.

If you know about the history of trading, you should be aware of the fact most traders who have used technical analysis relied solely on price action alone, they certainly did not use indicators like Stochastics, MACD, RSI, etc. To start having any chance of success in forex trading, you must learn to trade using price action, and of course look to surroun yourself with like minded traders and mentors who teach the price action strategies which work.

All the best and good trading.

Technorati Tags: currency, forex, fx, price action, strategies, trading, tutorial, video

One of the best ways to trade the forex market , and in fact this applies to all markets, is the art and implimentaiton of price action strategies. There are hundreds or even thousands of people out there trying to sell a ton of methods that involve 10 or more indicators or even a robot that trades for you. This is funny, such a joke. I cant see how it is legal or ethical for internet salesman to sell scam ebooks and forex robots to newbie traders, its damn wrong. The guys are just wanting to pitch you a product or system etc.

to put it as simple as humanly possible. If trading robots were so successful why would Wall Street be paying so much for their best traders. Why would so many institutions be paying back the bail out money because it limit’s the amount of pay they can offer their best traders. The answer is obvious. I cant understand how people buy these forex robots and then let them take charge of a real trading account.

So to be successful as these traders are we as retail traders need to gain the same kind of edge. how on earth do we do that? Study price action is the simple answer. Knowing this gives the same edge institutional traders have.

sound difficult right? its really not though. There are alot of ways to trade the market, and its taken years for me to figure this out. However, when I came across traders that used price action methods, my trading literally exploded, that was 6 years ago now , and things have really taken off for me.

Trading this method for over 4 years now, and my profits are soaring, and far better, the more I tweak the method, the better is gets, thats what price action can do for your trading.

I only spend about 10 hours a week doing it, its less stressful because its typically and end of day trading methodology. This style of trading has made me alot happier.

Want to become profitable enough to replace their full time job, and would like some advice from somebody who has turned the corner to profits. Get a price action method under your belt. Price action is not often taught and is closely gaurded by top traders as a secret trading method.

Learn price action, it will be the best thing you will do for your trading success.

Technorati Tags: best way to trade forex, education., forex, forex method, forex strategy, free forex, how to trade forex, price action, trading, training

Can There be any greater method to trade than what I believe is to be the best way to trade forex, and is without a doubt, the art of trading price action in forex and currency markets. I am here to tell you right now, that trading is not about throwing on a pile of indicators or finding a magical trading robot, leave that for the idiots. Yer, what a Joke that is. I often feel really sorry for novice traders who throw money at forex scams and con jobs, its simply not the way to educate yourself. They only want to sell you their products and courses.

to put it as simple as humanly possible. If trading robots were so successful why would Wall Street be paying so much for their best traders. Why would so many institutions be paying back the bail out money because it limit's the amount of pay they can offer their best traders. the answer is obvious isnt it. Nobody in their right mind would trust a robot with their money.

So to be successful as these traders are we as retail traders need to gain the same kind of edge. so how can we do that? Study price action is the simple answer. This will give us an edge in the market similar to the large hedge fund players.

sound difficult right? its really not though. There are alot of ways to trade the market, and its taken years for me to figure this out. 6 years ago now , and things have really taken off for me ever since I first came across traders that used price action methods, my trading literally exploded, that was.

Now I have been trading his method for over 4 years now and  my trading just gets better and better the more time I spend tweaking this style of trading, its really a result of dedication and persistence.

I only spend about ten hours a week doing it, it's alot less stressful , and its typically and end of day trading strategy. I am no alot more happy and even my family sees the difference in my mental state of mind.

Want to become profitable enough to replace their full time job, and would like some advice from somebody who has turned the corner to profits. This trading strategy is by far the cleanest and most simple style to trade the market in existance. Teachers of price action are in fact rare, but they do exist in small numbers.

Learn price action, it will be the best thing you will do for your trading success.

Technorati Tags: best way to trade forex, education., forex, forex method, forex strategy, free forex, how to trade forex, price action, trading, training